Question: Lebaum Corporation uses the weighted-average method in its process costing system. Data concerning the second processing department for the most recent month are listed below:
Lebaum Corporation uses the weighted-average method in its process costing system. Data concerning the second processing department for the most recent month are listed below:
| Production data: | |
| Units in process, beginning: (materials 60% complete; conversion 20% complete) | 400 units |
| Units transferred in during the month from the preceding department: | 1,200 units |
| Units completed and transferred out during the month: | 1,000 units |
| Units in process, ending: (materials 40% complete; conversion 80% complete) | ? units |
| Cost data: | |
| Work in process, beginning: (consists of cost transferred in, $12,400; materials cost, $9,078; and conversion cost, $7,514) | $ 28,992 |
| Costs transferred in during the month: | $ 126,000 |
| Materials cost added during the month: | $ 82,000 |
| Conversion costs incurred during the month: | $ 108,000 |
What is the cost per equivalent unit for materials? (Choose the closest answer.)
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